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Banca Monte dei Paschi di Siena (MPS), Italy’s third-largest bank and the world’s oldest, has admitted in a statement posted quietly on its website that its customer deposits have fallen by a “few billion euros.”
That was after a se...

Many countries in the world have two fundamentally different types of banks that accept deposits. One is the sort we have in the UK, which economists call “commercial” or “retail” banks. These accept deposits – a form of loan to the...

The Postal Savings Bank of China (PSBC) made a tepid debut on the Hong Kong stock market today. Its shares changed little at closing from their IPO price of HK$4.76 per share. The Beijing-based lender raised a total of $7.4 billion ...

Deposit bail-in risks are slowly being realised in Ireland, after it emerged overnight that FBD, one of Ireland's largest insurance companies, have been moving cash out of Irish bank deposits and into bonds.
Revelations regarding de...